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After the Land Transport Authority (LTA) announced on 23 Oct the cutting of Singapore’s vehicle growth rate to zero, experts predicted that the rise of the Certificate of Entitlements (COE) would soon follow.

However, on Monday (6 Nov), Senior Minister of State for Transport Dr Lam Pin Min insisted that it wouldn’t be affected by the change at all — and that there was nothing to worry about.

It’s entirely logical that when you have an increasing population and increasing affluence in Singapore, and if demand for private transport on a per capita basis remains exactly the same, the only conclusion is – prices will go up.

Likewise, NUS transport researcher Lee Der-Horng stated that the desire to own a car in Singapore is still strong despite the supply cut:

Given our rail system that breaks down from time to time… I think people may not buy the suggestion that I can get rid of my car and just switch to public transport.

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